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Currently my flat of 6 years (Purchased frm HDB/Subs/1st timer),still having outstanding loan of ard $85K. Location is at Eunos Court, 4rm.
Valued ard $600K.
Both hubby and me have utilised ard $45K each from our CPF. We are planning to sell ours and look for resale (West/North area) ..Question, roughly how much would the resale flat (3 or 4rm) need to cost if we do NOT want to take up hdb/bank loan exceeding more than $120K? I'm 33yrs old, thanks.
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1 Answer

Mike Lim
Replied
Evening Lynna,

What is your lifestyle requirement? How many children do you have and are you staying with your parents?
Depending on your unit's facing, level and condition, your selling price should be around $650k. Assuming that you CPF used is $90k and CPF interest of $15k, your gross profit should be around $460k. Excluding how the CPF you have in your account, you have about $100k CPF, plus around $100k loan, it would depends on how much cash you are willing to tap into.

Do feel free to contact me for detailed discussion.

Regards
Mike Lim
 96929209 
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